Buyer - Health & Supplements

2 weeks ago

Austin, United States Shop LC Full time $85,000 - $95,000
We are an electronic retailer of jewelry and lifestyle products headquartered in Austin, Texas with a team of approximately 450 people. Our products are sold through TV (Cable, satellite, Telco’s and OTA’s), our website, OTT, marketplaces, and social media. We are the US retailing unit and subsidiary of Vaibhav Global Limited (VGL)- a publicly listed company in India. The other retailing units of VGL Group are in the UK (Shop TJC) and Germany (Shop LC, Germany). VGL Group is a vertical business, having its own manufacturing and sourcing units in India, China, Indonesia, and Thailand. We believe in supporting our community and protecting the environment with the purpose of Delivering Joy.  Our service to the community is run through our Your Purchase Feeds… program under which each retailing unit donates one nutritious meal to a school-going child in India, the US, the UK, and the Germany for each item sold through all its platforms. Your Purchase Feeds… has current run rate of over 54,000 meals per school day and has provided over 50 million meals to kids in need in US, UK and India until now. Our mission statement embraces the ambitious goal of distributing one million meals each school day to children in need by 2040. We believe that Your Purchase Feeds… provides more than just a meal: it feeds the hearts, minds, and futures of children. We are committed to protecting the environment by constantly working on reducing our carbon footprint and becoming net zero by 2030. Our factories in India fully functions on solar power and has Platinum level LEEDS certified factory.  Our US buildings are gold level LEEDS certified. Buyer – Health & Supplements Shop LC is seeking an experienced and dynamic Buyer for Health & Supplements to join our merchandising team. The successful candidate will be responsible for sourcing, negotiating, and managing a diverse range of health and supplement products that align with Shop LC’s quality standards and customer preferences. This role requires a deep understanding of the health and wellness industry, strong supplier relationships, and a keen eye for trends that drive consumer demand. Key Responsibilities:
  • Product Sourcing & Development: Identify and source high-quality health and supplement products, ensuring they meet company standards and regulatory requirements. Collaborate with suppliers to develop exclusive products for Shop LC.
  • Vendor Management: Build and maintain strong relationships with existing and potential suppliers. Negotiate terms, pricing, and contracts to maximize value for the company while maintaining product quality.
  • Market Analysis: Conduct market research to stay updated on industry trends, customer preferences, and competitive offerings. Use insights to make informed buying decisions and develop the product assortment.
  • Inventory Management: Monitor and manage inventory levels to ensure optimal stock availability. Work closely with the inventory team to forecast demand and plan reorders.
  • Sales & Profitability: Analyze sales data and performance metrics to evaluate the success of product lines. Make recommendations for product promotions, markdowns, and discontinuations to achieve sales and profitability targets.
  • Collaboration: Work closely with the marketing, sales, and e-commerce teams to develop effective product presentations and promotions that drive customer engagement and sales.
  • Compliance: Ensure all products meet health and safety standards, regulatory requirements, and company guidelines. Stay informed about changes in industry regulations and ensure timely implementation.
 Qualifications:
  • Bachelor’s degree in Business, Marketing, or a related field.
  • 3-5 years of experience in buying or product management, preferably in the health and wellness or supplements category.
  • Strong negotiation and vendor management skills.
  • In-depth knowledge of the health and supplements industry, including current trends and regulatory requirements.
  • Proficiency in using data analysis tools and software to make informed buying decisions.
  • Excellent communication and interpersonal skills.
  • Ability to work in a fast-paced, dynamic environment and manage multiple priorities.
 Preferred Qualifications:
  • Experience in e-commerce or home shopping retail environments.
  • Familiarity with global sourcing and supply chain management.
 Physical Requirements
  • Prolonged periods of sitting at a desk and in front of a monitor/ computer screen.
  • Must be able to lift up to 20 pounds at times with reasonable accommodation.
 Benefits:
  • 100% Company paid, employee-only medical, dental, vision, and life insurance.
  • 4% 401(k) matching.
  • Company profit sharing (twice annually).
  • Up to 15 days of PTO & vacation time, maternity/paternity leave, company-covered short-term & long-term disability, paid training time, paid volunteer time, 7 paid holidays.
  • Corporate discounts, employee sales, Employee Assistance Program.
  • Tuition reimbursement and scholarship (for dependents going to college).
  • A great work environment, where you will learn, be challenged/ supported and given projects that reflect your interests, and you can own/ take pride in

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